Archive for May, 2008
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Friday, May 16th, 2008Land prices in the national capital region (NCR), Mumbai suburbs, Bangalore and Hyderabad have corrected by up to 25% as property developers slow down their land purchases.
Expressway Fails To Pick Up Speed
Thursday, May 15th, 2008Tardy progress: A stretch of the Expressway at Mehdipatnam on Thursday. PHOTO: P.V. SIVAKUMAR
P.V.N.R. Elevated Expressway from Mehdipatnam to Aramghar on NH-7, the project to provide speedy access to the international airport at Shamshabad is not progressing at the desired pace.
Mangalagiri SEZ: UDA Finalises Developer
Thursday, May 15th, 2008The Vijayawada, Guntur, Tenali, Mangalagiri Urban Development Authority (VGTMUDA) on Thursday finalised the name of the developer for the proposed Special Economic Zone at Amaravathi Township in Mangalagiri with only one firm bidding for the 40-acre site earmarked for Information Technology and IT Enabled Services.
RGIA Handles Million Passengers In 50 Days
Thursday, May 15th, 2008Rajiv Gandhi International Airport (RGIA) has crossed the milestone of handling a million passengers in the first 50 days of its commercial operations since March 23, 2008.
Metro Rail Work To Start In August
Tuesday, May 13th, 2008The Hyderabad Metro Rail (HMR), in all probability, will start work on the metro rail project in August.
It is scheduled to open financial bids in the middle of June and finalise the Build, Operate and Transfer (BOT) developer and deliver letter of acceptance in July.
RoofBird To Tie Up With Realtors
Tuesday, May 13th, 2008RoofBird.com, the exclusive residential real estate portal, has announced plans to tie up with over 100 property developers in the next one year to promote their residential projects through end-to-end online marketing services.
Infrastructure Development
Tuesday, May 13th, 2008Photo courtesy: Business Line
Fading ‘green cover’: Rapid development in all spheres, accompanied by rising aspirational levels has paved the way for the 11.5 km express highway which is to ensure better connectivity to the greenfield airport at Shamshabad near Hyderabad.
Hyatt To Operate Lanco`s Hotel
Tuesday, May 13th, 2008Hyderabad-based Lanco Hills Technology Park Private Limited, part of the Lanco group, has entered into an agreement with Global Hyatt Corporation, one of the world’s premier hotel companies, for the management of the 400-room Grand Hyatt Hyderabad, due to open in early 2011.
IT Hirings May Drop
Sunday, May 11th, 2008It is no longer left to conjecture. The recruitment projections being made by leading Indian IT companies clearly show a 10-20 per cent drop in the number of people likely to be hired by the industry in the current fiscal year (FY) compared to the previous year.
The $ 64-billion Indian software and services industry added […]
City turns into hub for flight refuelling
Sunday, May 11th, 2008Hyderabad has become a major hub for refuelling of aircraft thanks to the cut in sales tax on aviation turbine fuel. The number of aircraft refuelling in Hyderabad has doubled from 60 to 120 in just two months following the government’s move to reduce sales tax on ATF from 33 per cent to 4 per […]
Arihant Indo African to build housing project in Guntur
Sunday, May 11th, 2008Arihant Indo African Infra Developers and Builders Private Limited, a joint venture between the Visu Group of Companies and Chennai-based Arihant Foundation and Housing Limited, will construct luxury houses at Mangalagiri in Guntur district, 9 km from Vijayawada.
Reliance to use closed fuel outlets for malls and multiplexes
Sunday, May 11th, 2008Reliance Industries Ltd (RIL), India’s biggest firm by market capitalisation, is drawing up plans to convert its fuel retail outlets, which were recently closed owing to unviable operations, into malls and multiplexes.
Satyam to continue its shopping spree
Sunday, May 11th, 2008Draws up $125-m capital expenditure in 4 SEZs
With six acquisitions in about 18 months, and sitting on a cash pile of over $1 billion (Rs 4,000 crore), IT services provider Satyam Computer continues scouting for more acquisitions, according to the company’s Chief Financial Officer, Mr Vadlamani Srinivas.
The company has invested $250 million (Rs 1,000-crore) in […]
Realty cos now offer EMI incentives
Sunday, May 11th, 2008Smarting under a correcting realty market and sluggish buying sentiments, real-estate players are scrambling to raise end-user demand through offers that promise to ease EMI burden until possession.
FinMin to part-fund Hyderabad Metro project
Sunday, May 11th, 2008The finance ministry has agreed in principle to provide funds worth about Rs 2,000 crore for the Hyderabad Metro Rail Project estimated to cost over Rs 10,000 crore under the public-private partnership.
Uppal is new IT hub
Sunday, May 11th, 2008Uppal is all set to become the next information technology hub after Madhapur. Several infrastructure companies are keen to develop IT parks and special economic zones in Uppal where land is available at affordable rates. These moves will boost economic and real estate activity in area and its surroundings in the next two years.
Builders try new tricks to cut costs
Sunday, May 11th, 2008Builders have adopted innovative methods to reduce construction costs in the wake of the sudden spurt in the prices of steel and cement. Several of them are using fly ash based cellular lightweight concrete and prefabricated material to cut costs without compromising on quality.
Realty does reality check, prices fall 15-20% in Q1
Sunday, May 11th, 2008If high prices have been holding you from buying your dream house all these years, here’s something to cheer about. In the first quarter of this year, there has been a 15-20% price correction in markets across the country, especially in the residential segment.
T-battle: Land prices fall
Sunday, May 11th, 2008The battle for a separate Telangana state has almost made the land transactions come to a standstill in all registrar offices. Uncertainty about the future of this region has affected such transactions across Hyderabad, Ranga reddy, Nalgonda and Medak districts. The sales have fallen by 33 per cent and more than Rs 665 crore anticipated […]
Pricey land stifles demand
Sunday, May 11th, 2008Slow sales and market resistance to the high cost of residential space have seen developers slow down the pace of projects. Developers, who blame high land prices and input costs for the increasing cost of developed space, say they are going slow on land deals, cutting back on projects and even prefer to back out […]
Special Purpose Vehicle to push forward PCPIR
Sunday, May 11th, 2008The project will consist of mega SDZs
Vizag will become nerve centre for massive investment
AAI and others being consulted for international airport
A Special Purpose Vehicle will be set up soon after getting the green signal from the Central Committee of Secretaries for the proposed Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) between Visakhapatnam and Rajahmundry.
Land auction irks TRS
Sunday, May 11th, 2008Prime land worth crores of rupees in the heart of the city will go under the hammer on May 23 when Andhra Pradesh Housing Board will put to auction over 10 acres in different plot sizes.
Sell or hold your realty investments?
Saturday, May 10th, 2008Did you put money in real estate during the past year or so with the express objective of gaining through capital appreciation? If yes, depending on a number of factors, you might have a bit of a problem on your hands. For, over the past year, the gains have tapered off.
Layout regularisation work may begin soon
Friday, May 9th, 2008The GHMC is planning to start issuing ‘proceedings certificates’ officially endorsing regularisation of layouts for citizens who have already applied for their plots within the next fortnight.
Mann sets up centre in city
Friday, May 9th, 2008Mann India Technologies, a pro-vider of IT modernisation solutions and mobile transaction services, on Friday announced the opening of their new research and development (R&D) facility in Hyderabad.
Sustainable development in word and spirit
Friday, May 9th, 2008Tellapur township, a Tishman Speyer-ICICI (TSI) venture, will usher in urban eco-friendly living, writes M.L.Melly Maitreyi
Is it not every one’s dream to live, work, shop and relax in an eco-friendly urban environment with lots of open spaces, greenery, backed by latest technology and more important, comfortable connectivity ?
AP takes back land given to IAS wives
Friday, May 9th, 2008The government on Friday cancelled allotment of 13.25 acres of prime land in Mahendra Hills, Secunderabad, to the Civil Services Society floated by wives of IAS and IPS officers. The society had proposed to set up a school on the property.
Caparo aerospace park may land at Hindupur
Thursday, May 8th, 2008Caparo Group, one of the world’s largest industrial houses promoted by Lord Swraj Paul, is planning to set up an aerospace park at Hindupur in AP.
The group is seeking about 1,000 acres. While the government is yet to take a decision, the project is expected to herald a new era in aerospace-related activity.
Builders’ body plans training institutes
Thursday, May 8th, 2008The Builders’ Association of India (BAI), the national body of builders representing construction contractors and all agencies involved in the construction activity, is looking at tying up with reputed institutions as well as state governments to start training institutes in various states.
Housing price index soon
Thursday, May 8th, 2008A nation-wide housing price index may be a reality soon. The National Housing Bank, in collaboration with the National Council of Applied Economic Research, is close to finalising the methodology to be adopted for the index, named NHB Residex.
The index will give a realistic picture of housing price movement to policy-makers and consumers in major […]